Everyone is not exposed to the federal estate tax, because there is a federal estate tax credit or exclusion. A $5 million exclusion was installed for the 2011 tax year. This base has been retained since then, but there have been annual adjustments to account for inflation.
Topics covered in this report include:
- Estate Tax Exclusion
- Federal Gift Tax
- Qualified Personal Residence Trusts
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.